Babergh and Mid Suffolk District Councils today announced the creation of two new joint venture companies to transform council-owned land and assets into much-needed local housing.
The new companies – Babergh Growth and Mid Suffolk Growth – will deliver both high quality private and social housing across the districts, working in partnership with property experts Norse Group.
Norse Group has strong roots in the public sector and has already established a similar successful partnership in Norfolk, known as Broadland Growth.
Now the partnerships with Babergh and Mid Suffolk District Councils will see council owned land and assets given a new lease of life with Norse Group supporting both councils’ strategic plans. The partnerships are set to unlock barriers and make a positive, local and regional contribution to the economic, environmental and housing needs of our communities.
Cllr Frank Lawrenson, Babergh District Council’s Cabinet Member for Assets and Investments, said:
“Partnering with an award-winning housing developer, Norse Group in our joint venture company Babergh Growth is fantastic news. They have a great wealth of experience in this area and this endeavour means we will be able to effectively deliver the homes needed for both current and future residents in our district.
“Investing in efficient ways to deliver homes, which meet the needs of the community as well as offering economic benefits to our residents is a real priority for us at Babergh District Council and we look forward to working with Norse Group.”
Cllr Nick Gowrley, Mid Suffolk District Council’s Cabinet Member for Assets and Investments, said:
“It’s great news that we’ll be able to work in partnership with Norse Group through our Mid Suffolk Growth company.
“The council has a responsibility to invest in efficient housing to provide economic prosperity, whilst also meeting the needs of our communities. Mid Suffolk Growth will help us do just that, working with local suppliers wherever possible.”
Richard Gawthorpe, Norse Group Director, said:
“This is an exciting long term partnership which will help both Babergh and Mid Suffolk District Councils deliver quality housing for local people.
“By working together, we can unlock suitable sites and bring them to fruition, boosting local economies in the process."